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FOX News
Nov 26, 2012 6:00pm PST
. everybody knew within two or three days that this was a terror attack, except the obama white house. five sunday shows. the president two days later can't answer if it's a terrorist attack. call him out o on it, and it's race card, four more years. >> you can't color-code criticism. this is nothing to do with her skin color, susan rice. it's all about her competency. she misled the american people. that is what happened. americans want answers. those poor families of these american heroes who were killed, playing the race card that is totally taken that off the table and the debate has been shifted to someone's race when in fact it has nothing to do with race. >> sean: michael, i've known you a long time. we disagree on politics. you don't play the race card. in all the time i've known you, you're never come on this program and said something that is racial or accused republicans that you disagree with of having some type of racist motives. isn't there a danger in the strategy that, you know, the dog whistle strategy of msnbc commentators, for example? >> yes. it has nothing to do with ra
MSNBC
Nov 26, 2012 11:00pm PST
. but in this business of what would have happened if obama had lost the popular vote and still won the white house, i think you would have had a very different reaction from obama, and i think that in the year 2000 if al gore had been able -- if the shoe had been on the other foot and gore had become president while bush got the popular vote, he would have responded differently, he would have acknowledged that, and he would have wanted to do something about it. that has to change at some point, and it's going to have to change after -- probably after both sides' oxen are gored. >> you think we're going to get a change in our constitution to make it a popular vote? >> you don't need it to be the constitution. but on this business of what would have happened if obama had lost the popular vote and still won the white house, i think you would have had a very different reaction from obama and i think in the year 2000 if al gore had been able -- if the shoe had been on the other foot and al gore became president while bush got the popular vote, he would have responded differently. he would have acknowledge
NBC
Nov 27, 2012 5:00am PST
. the white house says president obama called house speaker john boehner and senate majority leader harry reid over the effort to discuss efforts to avoid the fiscal cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer,
CNBC
Nov 27, 2012 4:00am EST
. and that the size of the fed asset purchases is abnormal. meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the
MSNBC
Nov 27, 2012 12:00pm PST
this with attorney general eric holder. epa had lisa jackson van jones who was at the white house and president obama won an election. he liked susan rice. he's close to her. it's clear he thinks she would be the best for the job or one of the best for the job, and he's going to fight for her. i think you're right. backing him into a corner may prompt him to fight harder. >> amanda, the story has not advanced since day one. john mccain and kelly ayotte and lindsey graham saying why did she say the things she said? the only advance we had is the intelligence community said she said exactly what we told her to say. we knew it was an attack, and we told her not to say because we didn't want al qaeda to know we knew it at that point. the real question is why is mccain making this attack and wasting whatever political capital and reputation he has left? >> reporter: well, some people are wondering does mccain want to simply stay in the spotlight? mccain is known for foreign policy. he's known for going on sunday shows. the benghazi issue gets him back in the spotlight. everyone is talking about john mccai
CNN
Nov 27, 2012 2:00am PST
, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >>
FOX News
Nov 26, 2012 4:00pm PST
. the white house says frankly that's not good enough. aides say president obama spoke with the house speaker john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal.
CNBC
Nov 26, 2012 7:00pm EST
made over the weekend between president obama and house speaker john boehner so there hasn't been a lot of concrete progress, but there is total progress in terms of the mood that members take into this. over the weekend we heard republican senators, as you alluded to, larry, breaking the so-called grover norquist pledge against raising taxes and white house press secretary jay carney reacted positively. >> some of the comments you mentioned are welcome, and they represent what we hope is a difference in tone and approach to these problems and a recognition that a balanced approach to deficit reduction is the right approach. it's the one that's most beneficial for our economy. >> reporter: larry, what i would say is tax increases does not necessarily, despite the rhetoric on both sides, and especially from democrats, does not necessarily have to mean increases in tax rates. it is possible, if you look at the estate tax, if you look at the treatment of dividends, capital gains and carried interest and take a look at loopholes and deductions to raise a significant amount of revenue from p
PBS
Nov 27, 2012 3:00pm PST
and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with small business owners and workers in their districts arguing against the president's plan. in the senate republican my ontario leader mitch mcconnell dismissed the president's new tactics. >> as we head into the fiscal cliff negotiations, my advice to the presiden
Current
Nov 27, 2012 3:00am PST
the upcoming fiscal cliff. president obama met with the heads of both the house and the senate before the thanksgiving recess. and the group called for a second meeting this week. a senate democratic aide said talks though in the last week have not been very productive. the fact that this second meeting has not been scheduled yet could be a sign that congress is not making as much progress as it had hoped. we are hearing some republican lawmakers saying they are willing to break with grover norquist's pledge to never raise tax revenue. but they're still talking more about capping deductions and closing loopholes rather than raising actual tax rates. in order to reach a compromise, republicans will need to agree to some form of increased tax revenue and to convince them to do that, the democrats will likely have to accept some deep cuts to entitlement programs like medicare and medicaid. there are just 35 days left until the end of the year but top lawmakers say they are still confident they can reach a compromise. democ
CNBC
Nov 27, 2012 5:00pm EST
when they do go to the white house that obama and boehner have a good framework agreed to. and then there is a -- two weeks of negotiations. and then there will be a week between obama and boehner where they hammer up. and then a week where they take it back to the house representatives man by man and get the votes. as you saw in the movie lincoln it is a painful process. >> sounds like do you think we will watch it being made? we will have the headlines every single day. they talked about the first bill failed and then we got the tarp two weeks later. >> thanks for stopping by. larry mcdonald. let's head back to head quarters. >>> big earnings after the close. fourth quarter 64 cents a share. in terms of guidance the company said to expect 62 to 67 cents. that includes 6 cents of intangibles. they are looking for a total net sales growth of 14% to 18% year over year. gmcr reiterated its 2013 outlook. the streets definitely liked these numbers up 23%. >> green mountain. the options market was pricing it at plus or minus 20% move essentially. >> this is i guess, the quarter
FOX Business
Nov 26, 2012 9:00pm EST
have lost. barack obama may have won the white house, but e republicans do have the house of representatives. the american public is saying that we should stick to the principal principle message that we have said. washington is running way too much money. there may be differences in want of other issues, t on this one, most americans agree that there's too much waste and fraud and abuse and let's eliminate that. cheryl: where do they fit nto this scenario? fatcat ceos, those from honeywell, allstate, do you think that that is going to be a sitive conversation? will congressional leaders listen? >> i would think that they have been listening to the ceos all along. and even lookng at wall street and main street and they all say the same thing. we want certainty out of washington. we haven't gotten it from is administration, whether it is dodd-frank and all the mess that the excessive spending. so i think that wall street and main street will say the same thing. stoppending soso much, put your fiscal hou in order. >> let me ask you about warren buffett. warren buffett saying
NBC
Nov 27, 2012 4:00am PST
look at some of the stories we'll follow throughout the day on nbc. president obama welcomes mexico's president elect to the house today. the leaders will discuss a secure 21st century border and ways to strengthen both country's economies. >>> after black friday, small business saturday and cyber monday, organizers are hoping the first annual giving tuesday will become a new holiday tradition. the campaign encourages folks to donate time and/or money and then share the good deed on social media. >>> and veteran nbc newsman tom brokaw will be honored with the annual ken burns lifetime achievement award for his contribution to the arts through history related projects. >>> all day long you can stay on top of the very latest developments in those stories and others as they break on msnbc. and tonight be sure to watch "nbc nightly news" with brian williams. >>> and, finally, here's a look at what's coming up later this morning on the "today" show. in a "today" exclusive business tycoon warren buffett is live with his take on the state of the economy, the fiscal cliff, and taxing the ri
MSNBC
Nov 27, 2012 2:30am PST
in running for the seat. >>> this morning's "washington post" says private talks between president obama and top republicans including house speaker john boehner are accelerating. but the white house must contend with members of his own party who are pushing back against proposals that significantly reshape entitlement programs like medicare and social security. white house press secretary jay carney said yesterday the president is open to compromise and should republicans make a realistic proposal on taxes, they will meet them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal s
MSNBC
Nov 27, 2012 8:00am PST
in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senato
MSNBC
Nov 27, 2012 11:00am PST
. >> thank you. >> we're following developing news out of the white house where president obama is expected to host mexico's president-elect within the next hour. issues like trade, border security and immigration are scheduled to come up. it's skijed for a quick meeting. one expert says from the mexican side there's a real desire to rebalance the relationship. there's a perception and feeling that the security issues became the exiclusive focus. they want to make sure the economy and global aspects of the relations aren't lost. let me bring in chief washington correspondent, john harwood. a 15-minute meeting does that equate to a photo op perhaps? >> sure, it's a photo op. obviously, relation with mexico are extremely he important. the united states is the largest trading partner of mexico. we've seen that immigrants from mexico played a critical role in american elections, and it's a good time to broaden that dialogue to economic issues. you know, the issues of immigration have faded somewhat because the rate of immigration has slowed because our economy has slowed. the drug violence and
NBC
Nov 27, 2012 11:00am PST
the fiscal cliff. we have tracie potts with details from washington. >> reporter: today, president obama meets with small business leaders. a new white house economic report warns if tax breaks go away, the average middle class family will owe uncle sam $2,200 next year. >> middle class families should see an extension of the tax cuts. >> reporter: some republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we have been open to revenue by closing loopholes as long as it is tied to spending cuts and pro-growth tax reform that broadens base. >> you don't raise rates. you cap the amounts of eitemize deductions. >> reporter: america is borrowing too much money trying to keep social security and medicare afloat. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new
CBS
Nov 27, 2012 7:00am PST
supported president obama. what about house leaders? do you sense other ceos are talking to house leaders? >> absolutely and i don't mean just senators. there's no question i believe the severity of our deficits and the future problems ahead of us are going to have to be addressed bay combination of revenue increase -- >> the question is larry, are they listening and are they prepared to make compromises that they were not prepared before? >> i think so. >> why do you think so? >> i think maybe it's the openness of the dialogue. in august of 2011 when we had this problem, you did not hear any ceo speak up. you did not hear a public discord about this. i actually believe the militancy of the ceos today is a very different phenomenon. maybe the timing is different. maybe the atmosphere is different. everybody is speaking out. one ceo may have a different opinion than another one. but the fact is an open dialogue, and an open dialogue is a democratic process. >> do you think the president should appoint a businessman or maybe even a republican person who supported romn
CBS
Nov 27, 2012 12:00pm PST
the intelligence community gave her were incorrect and that at no time did she or anyone in the obama administration intend to mislead the american people. the white house worked to reinforce that tuesday. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> reporter: acting cia director michael morrell joined rice's capitol hill meeting to help her field questions. danielle nottingham cbs 5. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living longer. >> republicans are signalling they're open to compromise but so far, they still oppose the president's idea to raise taxes on the wealthy. ins
FOX Business
Nov 26, 2012 8:00pm EST
that they used to get president obama reelected to get a fiscal deal done, the white house is focussed on the middle class, they call senators, and house machines and tell them, -- house numbers, telling them, uncertainty is killing me but they fail to mention that tax hike with fiscal cliff, president obamaments tax hikes on those making more than $2 theft thousand a year, that will affect their middle class that their job creat creators the nor be able to pay them. neil: the train has left that spending station. i should say that taxes will go up. leaving that aside. how do you make the argument that a deal by the end of the year, even if it is bad, is better than no deal, if ratings agents pounce on a crafty deal, let's say waded toward tax hikes not addressinggspending cuts, wouldn't credit agency seize on that and downgrade us just the same? >> absolutely. this is what we saw with debt ceiling last summer, we saw our credit rating go down. and if you want to talk about that, white house tapped tim geithner today, treasury secretary to head the fiscal talks, he is the one that said
FOX Business
Nov 26, 2012 7:00pm EST
by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic advisers. that report claims that if republican lawmakers don't accept the president's fiscal proposals they would be responsible for destroying christmas for the nation's retail sector. the national retail federation is forecasting that holiday sales will grow. if congress does not act on the president's plan to extend tax cuts for the middle-class and jobs in our economy at the most important time of the year for retail stores. as the president uses similar scare tactics to bully republicans into a deal press secretary jay carney today made clear where the president himself simply refuses to compromise. >> there are issues th
MSNBC
Nov 26, 2012 8:00pm PST
, president obama brokered a deal with house speaker john boehner to avoid crashing through the debt ceiling. the deal was ultimately rejected by the republicans but we know it included cuts to the entitlement programs. according to "the new york times," president obama agreed to squeeze $250 billion from medicare in the next ten years with $800 billion moral in the decade after that. he was also willing to cut 110 billion from medicaid in the short term. democrats in the senate make it sound like, you know, a deal like this could be worked out pretty soon. >> side of the table, bring entitlement reform into the conversation. social security set aside. when it comes to medicare and medicaid is, protect the integrity of the program but give it solvency for more and more years. >> what's the integrity of the program? we have a lot of questions here about where this is all going to end up. the republicans are giving off clues about an upcoming deal. several house and senate republicans are openly rejecting an antitax pledge of grover norquist. but as senator lindsey graham says, rejecting the p
PBS
Nov 26, 2012 6:00pm PST
's the newshour for tonight. on tuesday, we'll look at the white house meeting between president obama and mexico's president-elect enrique pena nieto. i'm ray suarez. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. macarthur foundation. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. new estimates show going over the fiscal cliff could cost the economy, the equivalent of four times what shoppers spent over black friday weekend. >> tom: i'm tom hudson. it's cyber monday, and shoppers
CNN
Nov 27, 2012 9:00am PST
with president obama at the white house. nieto wants to talk about trade, manufacturing, energy deals between mexico and the united states. wolf blitzer sat down with him for an interview a couple of hours ago. more on that in a bit. mexico's president-elect wants to update the conversation between his country and the united states. he's talking about the drug wars, security, immigration, all of those things on the agenda. millions of people in both countries are affected by the decisions that he and president obama make and it's time to redirect the relationship. how do they do it? cnn contributor ruben navaret. you wrote a to-do list for both leaders. what does the new president of mexico, what does he need to do? >> right. i think, suzanne, one of the thing his needs to do is reframe the relationship and redefine the paradigm. the case that mexico comes to the was asks for certain things, recently for $1.4 billion in funding under the initiative to help fight the drug war. i think the conversation needs to turn around and mexico needs to start saying what it's going to offer the united sta
CSPAN
Nov 27, 2012 7:00am EST
according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to achieve a deal, a compromise, that everybody has to make tough choices and he remains committed. but this is what he said about social security -- the white house is less interested in tackling the rising costs of social security during the current talks. so that is what is the latest coming out of the white house on the fiscal cliff talks. the two sides not scheduled to meet face to face. as you heard from the prevent of the congressional leaders are the weekend and the two sides separately meeting this week in washington with business leaders and as we said, unions are planning protests on capitol hill. a lot to talk about with the fiscal cliff in washington. we want to turn to all of you and get this tape on this idea of going off of the fiscal cliff. we will talk with glenn on our line for democrats, go ahead. caller: i would like to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go
CSPAN
Nov 26, 2012 8:00pm EST
to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said white house and higher. -- dwight eisenhower. too often, we face off, not realizing that the solution rests somewhere in the middle. i remind everyone of one fact. this congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest economic emergency facing the nation today if only the house would consent the senate-passed bill freezing -- freezing tax rates. as thomas jefferson said, "we should not put off tomorrow what we can do today." our legislation would give economic certainty to the middle class, protect important tax reductions for famili
CNN
Nov 27, 2012 4:00am PST
. but the white house just announced that president obama is going to be going to pennsylvania on friday to try to sell his version of the tax plan to the american people. is that going to help things? >> well, john, you know, it's a dual strategy right now that we're seeing develop in these negotiations over the fiscal cliff. the first strategy, of course, and the first bullet point is when president obama gets together with congressional leaders and they try to get some kind of resolution. the second bullet point, though, is to try to pressure the republican party and that's what we're seeing from president obama by going out to pennsylvania, to this manufacturing facility, that makes toys, including tinker toys and the k'nex building set. so we'll be doing that on friday. in addition, today it actually starts. pressure campaign begins today. they'll be meeting with small business owners at the white house. tomorrow it will be meeting with middle class americans who say that they will be impacted if congress doesn't fix the fiscal cliff. they'll also be meeting with business leaders this week
CNN
Nov 27, 2012 11:00am PST
and the country's next leader, minutes away from sitting down with president obama at the white house. my next guest explains why americans have the wrong idea about mexico. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. part of a whole new line of tablets from dell. it's changing the conversation. ♪ >>> on a day of mourning for the victims of that factory fire in bangladesh, allegations of arson have now surfaced. more than 100 workers died when they were trapped inside that burning building. now the country's prime minister says he believes arsonists are to blame. meanwhile, walmart stores which were supplied clothing from this particular factory issued this statement. let me quote it. a supplier, subcontracted work to this factory without authorization. we have terminated the relationship with that supplier, end quote. >>> across britain, the problem is flooding. l
Current
Nov 26, 2012 8:00pm PST
in arguing that the obama administration has engaged in this reckless spending with its democratic allies in congress and they were successful in taking back the house. then one year later with the debt ceiling negotiations they seem to have overplayed their hand and really engage in this brink manship to what we're seeing come to fruition again with the fiscal cliff and we have seen some interpretation that the 2012 vote was a repudiation of that. would they learn from that? and frankly will democrats overplay their hand thinking they have this mandate to force republicans into voting for tax increases and not engage in any entitlement reform. it's shaping up to almost a mirror image of the debt ceiling-- >> eliot: every winner in the election wants to interpret the tendency to overplay one hand is enormous. i hate overplay warren buffet as a voice but he is the most successful investor. when he said revenue should be 18.5, and that 3% is where the deficits are coming from, raise revenue, that's a potent argument from someone who isn't just an academic or someone who is a liberal by trad
KRON
Nov 27, 2012 4:00am PST
or a loss vegas sands, dillard's, and etahn allen. >> the white house is announcing president obama will hit the road this week to urge americans to support tax increases were the wealthiest americans. he will tour manufacturing facilities and speaking in southeastern pennsylvania on friday. he will meet with small-business owners at the white house today. piddocks was supporthe fiscal cliff is a combination of scheduled tax increases and spending cuts that economist predict was in the u.s. economy into a recession. >> we will be right back as the kron for morning news continues. off to developing stores are all falling. one is a police standoff on treasure island with a robbery suspect. also a possible officer involved should out in milpitas. a live look at the bay bridge toll plaza light traffic for now. welcome back. new consumer credit data shows that more americans are falling behind on their auto payments. particularly between july and september. back-to- school needs and other needs are putting a strain on consumers' wallets. of dropping seven approving in the overall auto world. ther
CNBC
Nov 27, 2012 1:00pm EST
obama. the next four weeks that is the challenge john boehner, eric canter, and candidates on the house and senate are going to find. how do you put together a deal that not only the leaders agree upon but members of the caucuses can give majority to us in both houses? >> indeed, john, thank you very much. >>> meantime, some important economic data came out today and if you were looking at it expecting to see signs of worry about that looming fiscal cliff, you might be surprised. steve liesman has been analyzing it. it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up, not too bad a number. chain store sales for the week ending saturday, including black frid
Comedy Central
Nov 26, 2012 7:30pm PST
that 47% of the country would not vote for him because they saw himself as victims, entitled-- housing, health care, from the government. as it turns out, much to his disappointment, barack obama was able to pick up four more percent of real america giving him the victory. of course romney walked back his 47% statement. >> in this case i said something that was just completely wrong, and i absolutely believe, however, that my life has shown that i care about 100%, and-- and that's been demonstrated throughout my life. >> jon: i believe him. ( laughter ) there's something about a man standing in front of a perfectly pressed flag and the world's cleanest indoor tractor that says, "i'm the real deal." laughed laug ( laughter ) you can imagine my surprise when this man, so unfairly character turd, by his own words, as an out-of-touch plutocrat yesterday blamed his campaign loss on leaches. >> what the president's campaign did was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to
Current
Nov 26, 2012 5:00pm PST
sandwich or whole bowl of soup. >> obama: for the first time in our history the winners of the white house turkey party were chosen through a highly competitive online vote. once again nate silver completely nailed it. the guy is amazing. >> eliot: nate does get it right. florida takes a hard look at its stand your ground law and changes exactly nothing. that's next on "viewpoint." but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready, no matter what happens which isn't rocket science. it's just common sense from td ameritrade. you disgust me. prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. d-con. get out. unwrap your paradise. soft, sweet coconut covered in rich, creamy chocolate. almond joy and mounds. unwrap paradise. (vo) always outspoken, now unleashe
NBC
Nov 27, 2012 6:00am PST
loopholes that are now in the law. >> well, we know today that president obama meets with small business leaders. what does the white house think will happen to the middle class if that deal isn't reached? >> reporter: well, the white house is concerned about the spending power of the middle class. they came out with a report yesterday that essentially said consumer spending is going to take a $200 billion hit if we don't get away from this fiscal cliff, if we don't pass these tax rates. in other words, the extra $2200 that they calculate every middle class family is going to have to pay in taxes next year is $2200 less that they'll have to spend and boost the economy. >> exactly. everyone might turn a little more conservative with their spending, at least this holiday season. whose side do you think the public is on? >> reporter: well, it depends on who you ask. now, there is a new survey out that says 65% of the public agrees with republicans saying we shouldn't raise tax rates, we should instead close up these loopholes and limit tax deductions. but keep in mind the winston group is a
FOX
Nov 27, 2012 7:00am PST
that won't materialize later. >> reporter: and president obama is holding a series of events at the white house and on the road trying to win more public support this week for his approach. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:44. wall street seems to be teetering on that fiscal cliff as investors wait too react. pam cook -- wait to react. pam cook is here to tell us what is it at stake. what is at stake? >> a lot. it's being discussed on capitol hill and being watched on wall street. in order to avoid this disaster, it involves tax and spending cuts. tough decisions will have to be made. many economists say for a fixed amount of revenue its eitherrier to remove deduction -- either to remove deductions. one item being discussed, interest on mortgages. >> the concern is if nothing is done, we have automatic tax increases, big tax increases and automatic spending cuts. that produces the fiscal drag the government is making -- is taking more income out of the taxes and pumping less into spending. the concern is that could produce a recession. >> any
Current
Nov 27, 2012 6:00am PST
president obama has rejected this kind of approach. i'm glad the white house is calling them on it saying what i will not do is have a process that is vague saying we are sort of going to raise revenuear close loopholes that have not been identified. he won this election on arithmetic. the white house said it has not seen a realistic proposal from republicans. he keeps saying the math doesn't work. you can't raise enough revenue. obama would be open to proposals so long as the tax rate remains on the table. carney, the president's carney said social security shouldn't be on the table. it is not currently a driver of the deficit. that's an economic fact. >> we've been open to revenue by closinging loopholes as long as it's tied to spending cuts. >> as long as it's mitt romney's plan. that's what we're for. >> stephanie: what? you're acting like, it's almost like a hostage crisis. like they don't have the gun and are issuing demands. like what? >> what are you talking about? >> stephanie: exactly. mike in philadelphia, you're on the "stephanie miller show." hi, mike. >> caller: hi, steph ho
CNN
Nov 27, 2012 1:00pm PST
.s. economy back into a recession. both congress and the white house are trying to make a deficit reduction deal to avoid the financial chaos. and president obama's reverting to some campaign mode right now to try to make sure things are done his way. our white house correspondent dan lothian is joining us now with new information. what are you learning, dan? >> reporter: well, wolf, while senior members of the administration including secretary geithner, chief of staff jack lou also top advisor meeting with -- the president himself trying to sell his vision to the public, but some say it's not a winning strategy. it doesn't take a gps to find the way to the fiscal cliff. much more difficult, finding the off ramp. at the president's first meeting with congressional leaders more than a week ago, there was a sense of optimism. >> my hope is is that this is going to be the beginning of a fruitful process. >> reporter: there was a follow-up phone call with house speaker john boehner, but a much different approach this week. the president's calendar is packed with sales pitches to the public, wh
FOX News
Nov 26, 2012 11:00pm PST
. they were supposed to get to a deal. they couldn't get to one. president obama and congress kicked it to this year. now we lead up to this moment. last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of the bush tax cu cuts. nothing has changed about the economy now but the economic growth projections are worse. this is not a great way to make good policy. >> kimberly: that is their campaign slogan. they don't make concessions. they have to do something serious about cutting back on spending. coming back in with the entitlement. without that, it won't make a difference if they raise taxe taxes. taking out the bush tax cuts won'tbe make it go away. >> eric: the food stamp recipients. the latest number. $47 million. more than
MSNBC
Nov 27, 2012 10:00am PST
is that the white house would like her to be secretary of state, is interested in it. we have president obama's very strong defense of had her at his press conference last week. beyond that, we really don't have all that much. i would note something and want to give credit where it is due, mark murray, the deputy political director, pointed it out, saw it on twitter, we focus on ayotte, graham and mccain but remember, democrats may not need those three votes to confirm susan rice if she is put forward. they need probably five to seven republicans, maybe they can find them elsewhere. i'm not saying that i know that for a fact, but let's not assume that even if the three of them are opposed that she could never be confirmed. >> they can block it by using a hold. >> any one of them can. >> yeah. >> yeah, kelly. this is not the kind of confirmation you want to send your top diplomat out. that's not the launch pad for a successful tenure as secretary of state. and, of course, waiting in the wings, john kerry, who we understand the white house will nominate to be defense secretary. i'm told he would accep
FOX News
Nov 26, 2012 7:00pm PST
hammered by the obama administration. i've been fighting in the house to try to protect our jobs. we have lost thousands of jobs in our coal industry. we also have a very vibrant natural gas industry that i want to protect. that's good for our state, our economics, but it's also good for the energy security of the nation. i think he has much different views on this. healthcare is another big one. i don't agree with the president's health plan as it's moving forward. i think west virginians agree with me there. they don't want to see a big expansion into their healthcare. there are a lot of differences. >> greta: it's going to be interesting race to watch. if we had more time, we would go into sort of the history, the political history in your state, because that makes it equally as interesting with your family and senator rockefeller. we'll save that for another day. >> sounds great, greta. thank you. >> greta: thank you. and coming up, your last call. it's a sight that you have never seen before. a house is holding up traffic literally. that's next. to his underarm. axiron, the only unde
FOX News
Nov 27, 2012 2:00am PST
and is qualified for a number of positions in the foreign policy arena. i will leave it at that. >> president obama shows his support of susan rice as well. he had his first white house news conference after his election. the president took exception to republican senators critical of rice. if they want to come after any one they should come after me. >> kelly wright, thank you very much. senator lindsay graham is one of the three senators who have a lot of questions for ambassador rice. >> he gave us a preview of what he will be looking for during today's discussion. >> she asked to meet with us i will listen to what she has to say about her role in benghazi. the more i know about benghazi the more upset i am that the consulate was even open on september 11th. when you look at the history about the dangers we should never have been open or heavily reinforced. during the attack i am more core idea about how we couldn't help them for 7 hours. a spontaneous event caused by video turn nude a riot is less credible than ever. i want to listen to her side of the story. the most basic information on what
CNN
Nov 26, 2012 5:00pm PST
, there are late new signs na nobody is quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aide told us that staff level meetings p are meant to lay the groundwork haven't been very productive. one senate republican leadership aide accuses democrats of leaking details in order to portray republicans negatively. the aide notes that the talks are continuing, which ifrts can be read as some sort of progress. whether that's real progress or washington progress remains to be seen. >>> a lot to talk about starting with tennessee republican senator bob corker. senator corker, thanks very much for joining us. let's talk about grover norquist. no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under
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